CCHWF looks like it might be coming out of its' shell by having to potential cycle correction that leads not only into an impulse, but doing so with the help of a newly formed Head and Shoulders .
If CCHWF can muster up some more volume on the bid side, the volume profile shows a gap up from $2 - $2.48 with the added potential to kiss $2.63. If that happens, I would assume most investors would notice the Head and Shoulders by this time and pile on making this a real impulse wave.
If true, this might be the first time the cannabis sectors sees a ticker finally break free from the malicious short attacks. If false, expect this to be stunted by a quick "ABC" pullback of original cycle and will sell more with the hope $1.67ish comes in to help provide support for a retest, or if not, will see if the previous low of $1.23 will help out again for support on the way down.
Last chart analysis (July) , I marked one more tiny impulse that showed $1.17 being our bottom, off by .05 -- Posted below.
If CCHWF can muster up some more volume on the bid side, the volume profile shows a gap up from $2 - $2.48 with the added potential to kiss $2.63. If that happens, I would assume most investors would notice the Head and Shoulders by this time and pile on making this a real impulse wave.
If true, this might be the first time the cannabis sectors sees a ticker finally break free from the malicious short attacks. If false, expect this to be stunted by a quick "ABC" pullback of original cycle and will sell more with the hope $1.67ish comes in to help provide support for a retest, or if not, will see if the previous low of $1.23 will help out again for support on the way down.
Last chart analysis (July) , I marked one more tiny impulse that showed $1.17 being our bottom, off by .05 -- Posted below.
